https://www.taxtmi.com/caselaws?id=398114 The appeals filed by the assessee were allowed. The penalties imposed under Sections 271(1)(c) and 271B of the Income Tax Act were deleted by the Tribunal. The penalty under Section 271(1)(c) was overturned due to the absence of specific charges of concealment or furnishing inaccurate particulars. The penalty under Section 271B was canceled because the assessee had a reasonable cause for not filing the audit report electronically as required. The Tribunal's decision was announced on 04/09/2020. en-us Fri, 04 Sep 2020 00:00:00 +0530 Mon, 07 Sep 2020 10:10:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398114 The appeals filed by the assessee were allowed. The penalties imposed under Sections 271(1)(c) and 271B of the Income Tax Act were deleted by the Tribunal. The penalty under Section 271(1)(c) was overturned due to the absence of specific charges of concealment or furnishing inaccurate particulars. The penalty under Section 271B was canceled because the assessee had a reasonable cause for not filing the audit report electronically as required. The Tribunal's decision was announced on 04/09/2020. Case-Laws Income Tax Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398114